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1451 Michigan Avenue

Beaumont, CA 92223

– beds
– baths
– sqft
~2 acre lot
1976 build
– on site

Beaumont Park is a 33-unit apartment community located in one of the fastest growing cities of Riverside County, Beaumont, CA. The well-appointed asset is situated on a large 2.15-acre lot and provides tenants the benefit of low density living with only 15.3 units per acre, single story construction, and ample parking. The asset features an ideal unit mix of (70%) 2 Bed / 2 Bath units, and (30%) 1 Bed / 1 units, and boasts high occupancy, providing investors an opportunity to enhance yield in the near term with rent increases and recovery of loss-to-lease. Within a 15-, 30-, and 60-minute commute of Beaumont Park, there are approximately 24,500, 275,500, and 1.35 million jobs, respectively. Easy access to jobs provides an increasingly robust tenant base.

Listed By CRMLS_CA / Brett Bayless / Brett Bayless, Broker / 949-887-2465

Last checked: Checking… • Last updated Oct 31, 2024 •

MLS# OC24222526 —

The Building

Year Built:

1976
Year Built Source:

Public Records
New Construction:

No
Building Area Total:

24400.00
Building Area Units:

Square Feet
Total Number Of Units:

33
# of Buildings:

8
Stories Total:

1
Entry Level:

1
Common Walls:

No Common Walls
# of Separate Gas Meters:

34
# of Separate Water Meters:

1
# of Separate Electric Meters:

34

Interior

Levels:

One
Entry Location:

front
Laundry:

Common Area
Laundry:

1

Location

Directions:

Left on Michigan from E Oak Vly Pkwy
Latitude:

33.94899700
Longitude:

-116.96960600

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

R3
Lot Features:

11-15 Units/Acre
Lot Size Area:

93654.0000
Lot Size Acres:

2.1500
Lot Size SqFt:

93654.00
Lot Size Source:

Assessor
View:

1
View:

Mountain(s)
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

438.07
Tax Tract:

043807

The Listing

Special Listing Conditions:

Standard
Parcel Number:

404260002

Heating & Cooling

Heating:

None

Utilities

Sewer:

Unknown
Water Source:

Public

The Community

Subdivision:

Other (OTHR)
Subdivision:

NA
Features:

Suburban
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/28/24 Oct 28, 2024	Listed / Active	CRMLS_CA	$5,895,000

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This multifamily located in Beaumont, CA 92223 is currently for sale for $5,895,000. 1451 Michigan Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 54 days. This multifamily is in the attendance area of Beaumont Senior High School, San Gorgonio Middle School, and Anna Hause Elementary School.

Listing Courtesy of: CRMLS_CA and Brett Bayless, Broker. Based on information from California Regional Multiple Listing Service, Inc. as of 23:56 on Dec 20.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.